Blackstone and Abu Dhabi’s Lunate launched GLIDE, a $5 billion GCC logistics platform, to develop and manage Grade A infrastructure assets.
ABU DHABI: Global investment firm Blackstone and Abu Dhabi-based Lunate have announced the formation of GLIDE—a $5 billion logistics platform targeting the Gulf region. The newly launched Gulf Logistics Infrastructure Development Enterprise aims to develop, acquire and manage Grade A logistics facilities across the GCC logistics platform space.
The initiative will address the growing demand for modern logistics assets in the Gulf, driven by rapid e-commerce expansion, increased manufacturing, and region-wide economic transformation. Currently, a noticeable gap exists in the availability of international-standard logistics infrastructure in countries like the UAE, Saudi Arabia, Qatar and beyond.
GLIDE will focus on greenfield developments, strategic acquisitions, and sale-and-leaseback agreements with leading regional firms. Blackstone, which already owns more than 1.2 billion square feet of logistics space globally, brings global investment and operational expertise. Lunate, with over US$110 billion in assets under management and a strong local network, will offer regional insights and execution capabilities.
According to Jon Gray, President and COO of Blackstone, the venture combines global scale with regional opportunity. “This partnership with Lunate will allow us to capitalise on the strong momentum in the GCC logistics sector,” he said. Lunate’s Managing Partner Khalifa Al Suwaidi echoed this sentiment, emphasising the platform’s role in driving new infrastructure growth across the region.
GLIDE will also welcome additional strategic partners and deploy dedicated teams across GCC markets to support its build-out. The partnership signals increasing confidence in Gulf infrastructure sectors as countries continue to diversify their economies under long-term national visions.
